If you are an intra-day trader or shorter time frame than mid-term (around 1-3 months), ETC is not yours to trade. ETC proved itself as the lowest volatility in price against BTC. Which in average give return 25-40% between the top and bottom through 2018. ETC is a fork of Ethereum which promising about more stability bla-bla in blockchain network. It's glory day...
303 sats - 320 sats is a major support at this display. We're looking for btc retracement after it's recent gains like 5% in after it dumped hard from $7200 to $6100 level. I'm more bearish at this level and wanted to short. I will close position with 320 sats level and will be wait and see if it happened wether it will go up or will break down to my final low...
GBPAUD fully rejected the 1.8399 resistance level. We have had two pull backs, and now the shorts are being entered. This has great potential to run lower. Stops above the 20th September Intra day highs
We have seen a Good pump price pump in Stellar(XLM). It did breakout from descending triangle. Now it is forming head & shoulders pattern. So keep an eye on this.
EOS for real a phenomenal ICO was raised with $4 billion in crowdsale with no working product. How come the marketing team do such a great and legendary effort (until now, behind Tezos) in an early of environment of blockchain? This is something that all of us supposed to learn from them. Despite those fundamental background, EOS right now is sitting at #5 on...
Here i have broken down my projection for the BTCUSD based on pure price action. I am going for a short position down to the $5800 level for this Crypto currency. Happy trading and use your risk management strategies. On this particular chart I have identified a swing high as well as a key resistance level on the 1 Hr charts.
$SNAP Just broke below $12.00 support which is now the resistance. DAU decreased last quarter and rev. growth will also slow down. Given its growth prospects, I do not think this co. deserve a 15x p/s. At $11.64 it looks like a good price to open a short. Insiders are also dumping.
$CIB Broke below its sideway range and closed two days below the sma200 after printing a double top this year. Negative sales and eps growth rates. Let's see if the sma200 act as resistance. $44.02
Ref. price: 43.83 $VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume. Looks like a good spot to short with a max risk of 2atr (14) stop on close.
Price Action: Ranging Pattern: Rising wedge/head and shoulders Long-Term Momentum: Bullish Short-Term Momentum: Bearish Bias: Short Action: Price closed below trend support on the weekly chart but is rejecting off the support zone. Once price moves below the support zone it would be a good idea to take a short position.
Price Action: Bearish Pattern: Break of daily support + 29 EMA *still in corrective phase Long-Term Momentum: Bearish Short-Term Momentum: Bullish Bias: Short Action: Enter short once price breaks below 75 + 130 EMA and trend support + weekly support Comments: Price is reaching a critical point in the structure. The longer-term EMA’s are lining up with longer-term...
Anything on chart can be measured and explain logically. Using our wedge I want to show You that trading can be nice and easy. We don’t have to guess where price gonna stop or where is the top so we can close our position and enjoy money we made. Falling wedges are known to break upwards ( statistically more chances to break up then down ). With a help of...
Put in a short sell position ,
I did a discounted cash flow valuation on 3m assuming a revenue growth rate of 5%, in line with 10, 5, and 3 year historical averages and it produced a valuation of $135. A 41% downside valuation... When I saw this I questioned the legitimacy, but played around with revenue growth rates and found, that, to justify it's current valuation of $236.55, MMM would need...
I think the bull just tired and now the bear is looking for grip.
Let me warn you now, this is not a fundamental or technical analysis based trade. This is a speculation on my behalf based on a simple theory. As the US Federal Reserve continues to rise interest rates up to 3x this year, is it time that a true bear market in fixed income has come to fruition? Are the "safe" government bonds becoming one of the worst asset...